Marketplace Morning Report for Monday, March 18, 2013

Financial markets overseas are falling sharply today thanks to the unusual terms of a bailout in Cyprus where a tax of up to 10 percent on bank deposits has been proposed to defray the cost of the bailout. The Republican party looks for a new tech guru. And a test of your international business knowledge with our global leadership quiz.

Financial markets in Asia and Europe fell sharply today thanks to the unusual terms of the EU bailout of Cyprus. A tax of up to 10 percent on bank deposits in Cyprus was proposed to defray some of the cost of the bailout.

Monday is the first day on which patents will be awarded to the first filer of the patent not the first person to come up with an idea. Many worry this will favor applicants with big money behind them.

Defense contractor Lockheed Martin has discovered a way to make desalination 100 times more efficient. And that could have a big impact on bringing clean drinking water to the developing world and war zones.